Chernivtsi: How to declare an inheritance or as a gift
citizens of Chernivtsi, who last year received income from inheritance or gift, should submit Declaration on property status and income. Please note that beginning January 1, 2016, the income received by citizens as a result of inheritance or receipt of a gift of property, are only reflected in the Declaration without filling out separate applications. The form of a Declaration approved by the order of the Ministry of Finance of Ukraine on 02.10.2015, No. 859. Recall that funds, property, property or non-property rights, cost of works and services donated by the tax payer, are taxed according to the rules established G. IV of the Tax code for taxation of the inheritance. The persons responsible for the payment (transfer) of tax to the budget is the heirs who received the inheritance. Income in the form of cost of inherited property (money, property, property or non-property rights) to the extent that is subject to taxation, stated in the annual tax Declaration, except the heirs are non-residents who are obliged to pay tax to the notary registration of objects of the inheritance and the heirs, inherited objects, which are taxed at a zero rate of tax on income of physical persons, and also the other heirs – residents who paid the tax to the notary registration of objects of the inheritance. However, the duty of the taxpayer regarding the tax return submission is considered completed and the tax return is not filed, if the taxpayer received income in the form of objects of inheritance are taxed at a zero rate of tax. That is, individuals – taxpayers who received income in the form of an inheritance (gift), which is in accordance with the Tax code is taxed at a zero rate of tax, not required to include the cost (amount) of inheritance (gift) to the total annual taxable income and file an annual tax return on property status and income, but in the absence of other grounds for filing the Declaration. Please note that tax Declaration on property status and income is served until 1 may 2016, and by 1 August of the current year, you must pay the amount of tax liability specified in the tax Declaration. This was reported in the Chernivtsi city CouncilÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
